Insurance Brokerage and Services for the Celtic Interconnector Project

Tender description

CIDAC shall require the Framework Member to provide Insurance Brokerage and Services, advice and support relating to all insurance issues regarding the Celtic Interconnector Project. The required services will mainly comprise of advice on and assistance with the insurance elements of the major contracts for the project and. shall include seeking quotations from the market for all required insurances and subsequently placing these insurances on behalf of the Company with the preferred insurance company. The general requirements will include working with the Company’s insurance teams to provide advice on all insurance and ancillary services required for the Project. This tender process is now complete. Lot 1: RTE and EirGrid, have been engaged in exploring the feasibility of an interconnector project between Ireland and France, which will hereafter be referred to as either the ”Celtic Interconnector Project” and/or “Project”. EirGrid, and RTE have established an Irish incorporated Joint Venture (IJV) Celtic Interconnector Designated Activity Company (“CIDAC”) to procure, administer, manage and contribute to the design, development and construction of the Celtic Interconnector assets on their behalf. Throughout all phases of the project any assets, rights or benefits held by the IJV shall be held on behalf of the shareholders (EirGrid and RTE) jointly. This procurement is being run by EirGrid on behalf of CIDAC. The Company intends to establish a single supplier framework agreement (Framework Agreement) with the successful tenderer for the provision of the Insurance Brokerage and Services. The initial Framework Agreement period will be from contract award for 4 years, with the option to extend annually for the longer of up to an additional 4 years or for the duration of the project. The term of the framework agreement shall not exceed eight years, save in exceptional cases duly justified, in particular by the subject of the framework agreement eg in the instance where the duration of the construction extends beyond the limit of 8 years of the initial framework, the brokerage service shall be provided by the same broker. The Company shall require the Framework Member to provide Insurance Brokerage and Services, advice and support relating to all insurance issues regarding the Celtic Interconnector Project. The required services will mainly comprise of advice on and assistance with the insurance elements of the major contracts for the project and. shall include seeking quotations in the form of a formal public procurement process, from the market for all required insurances and subsequently placing these insurances on behalf of the Company with the preferred insurance company. The general requirements will include working with the Company’s insurance teams to provide advice on all insurance and ancillary services required for the Project including: • Insurance programme design • MFL assessment • Insurers scope of work • Premium assessment • Policy wordings • Advisory for liability insurance provisions within the EPC contracts • Marine Warranty Surveyor (MWS) scope of work preliminary assessment • Insurance tender documentation • Roadshows • Insurance tendering • Claims management The total value outlined in this PQQ includes the brokerage service and the insurance costs. See the Information Memorandum and Pre-Qualification Questionnaire for full details. This is attached to the etenders notice for this tender at http://www.etenders.gov.ie/ This procurement is now complete. See the Information Memorandum and Pre-Qualification Questionnaire for full details. This is attached to the etenders notice for this tender at http://www.etenders.gov.ie/